Latest India Business News Headlines 8th January 2019

Read Latest India Business News headlines 8th January 2019

india business news headlines 8th january 2019

– ChrysCapital has closed its eighth fund at $850 million, taking its total assets under management to over $4 billion.

– Domestic and foreign lenders of Jet Airways have asked the airlines to explain its liquidity situation. The airline defaulted on a scheduled loan repayment just a few days back.

– InnerChef has raised $6.5 million in pre-Series B round of funding. It will use the funding to strengthen Healthie. It claims to have raised $10 million so far.

– Essar Global Fund, the holding company of Essar Group, has said that it has repaid all the overseas debt to its various Indian and foreign lenders. It had also paid Rs.30,000-crore to lenders in 2017.

– NCLAT has asked Liberty House if it is willing to go ahead with its resolution plan for Amtek Auto, where it is the highest bidder. It has also asked Committee of Creditors if they have any other bid higher than Liberty House.

– The central government has received bids for 111 routes from 15 airlines under the third round of auction for the UDAN scheme.

– The Supreme Court has issued notice to Anil Ambani on a plea by Ericsson India seeking initiation of contempt proceedings against him for allegedly not complying with its order to clear dues of Rs 550 crore.

– AION Capital has acquired Inter Globe Technologies, the IT and back-office arm of InterGlobe Enterprises for Rs.1600 Crores. AION Capital is a JV between Apollo and ICICI Venture.

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– The government will allow state-owned ONGC and Oil India to induct foreign and private partners in oilfields to raise output.

– Union Cabinet has cleared a constitutional amendment bill to give 10% reservation to economically backward sections of the society having a gross annual income below Rs.8 Lakh. The reservation also has some other eligibility criteria to be met. Its yet to be confirmed if it is within or over and above the 49.5% reservation quota set by SC.

– Central Trade Unions have launched a two-day nationwide bandh in protest against the government’s alleged anti-worker policies and unilateral labour reforms.

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News credit: Livemint, Economic Times, Business Standard

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